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Knootoss to leave Eurozone

Where nations come together and discuss matters of varying degrees of importance. [In character]

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The Resurgent Dream
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Postby The Resurgent Dream » Sat Nov 19, 2011 3:56 pm

Pantocratoria wrote:"Well that rather clarifies the matter." Sir Thierry replied with a sour look on his face. He looked up to one of his advisors and made a face. "I didn't call you to argue the merits of the idea but rather to ask that you consider it, and I have found that you have apparently already done so, albeit in isolation from us entirely. Now please don't take this as an attempt to persuade you, because I doubt very much a phone call from me could do that when you have so esteemed a person as Dr Thomas Jennings on the other side of the argument. I do however take to task this stuff about shared values."


"Just as you, the Excalbians and the Knootians seem to have committed to this course of action without concern for Caldan sentiments or input and now call, after having already made your decision, with the pretense that asking us to be in on this endeavour from the beginning, an endeavour to which you already have committed, is some great show of friendship, some great collaboration.

"First, the idea that we've intractable differences I find a dramatic and disturbing departure from all previous Caldan foreign policy in the region. It is something, frankly, I had sooner thought to hear from my own Deputy Chancellor than a Caldan Prime Minister." Sir Thierry said. "But if we grant that, I still dismiss the idea that shared values make anybody comfortable. In the last seven years alone Pantocratoria has come to the brink of war with Knootoss, the Confederation of Sovereign States, and Xirnium, and has been to war in Iesus Christi, Upper Virginia and Marlund. I do not derive much comfort when I think of the history and values that Pantocratoria and Knootoss share, for instance, when not long ago we stood on the brink of war. What we lacked at that time was a common-enough interest. Whether you see a currency union as a boon or not, you must surely admit that values alone haven't proved enough for the Western Atlantic. And nor have treaties based on those values alone, like Lyeithen."


"It is simply reality, Sir Thierry," Trinh said. "You've observed the same conduct from Knootoss and Xirnium as we have. You must be aware that the Knootians are motivated, at least in part, by the expectation that the Xirniumites will not sign and will subsequently be treated as outsiders in the Western Atlantic, a concern shared by all nations watching this process unfold and unwilling to surrender their sovereignty to a superstate without democratic accountability, judicial process or human rights. The sovereign right of the Queen of Ameria to create a police state or of South Epheron to segregate and degrade its own population doesn't touch on the shared interests we are to have as a region." Trinh took another sip of water, calming herself. "You talk about shared interests and practicality but you can't summon them with a magic wand or a new currency arrangement. You express sadness that I note the differences between the Atlantic powers and then remind me that differences between Knootoss and Pantocratoria were once severe enough to lead to the brink of war. A currency union won't make those differences go away. It will only turn the differences in monetary policy once reasonably adopted by states with different economies into sources of international tension and internalise the damage of potential geopolitical or economic conflict. It creates a common interest only to the extent that any nation within the currency union will be potentially harmed by the inevitable destruction of its smaller and less efficient economies and will find itself obligated to bail them out, whether it be next year or thirty years from now."

"Frankly, Amber, I am not inclined to recommend that His Majesty find some suitable Xirniumite to whom to wed his youngest daughter." Sir Thierry said, trying to make his tone more jocular. "And yet, the alliances based on royal marriages are thus far the ones which have most stood the test of time in our region! Common interest is what holds our nations together. Now, if you don't want to expand on the common interests of the region by participating in a currency union at this time, then that is a decision which I naturally have to accept. But Pantocratoria is just as supportive of this idea as you seem opposed, and I intend to pursue it. I don't want this to be an unnecessarily contentious issue between us."


"Frankly, Sir Thierry, this government considers the formation of a currency union along the lines proposed by Knootoss to represent an abandonment of the shared values of human rights and democratic government which were once fundamental to Atlantic cooperation. Knootoss left Lyeithen because Aerion would not comport to human rights standards and yet now we're being asked to put those aside all together and embrace a plan designed, according to principles our best economists consider the purest non-sense, to create a common interest with Aerion and similar states while ignoring persistent abuse. Such a programme represents an abandonment of the principles, the policies and even the, as you like to say, interests which have formed the foundation of the Caldan-Pantocratorian alliance from the beginning. You would tie yourself to totalitarians and racialists in preference over your traditional alliances. You cannot expect this government to see it or to treat it as anything else. Of course it can only be contentious. Do you really think we can shrug off the formation of a regional bloc of this kind as simply not our affair?"

There was a long pause before the Prime Minister spoke again. "We have always considered Pantocratoria to be our closest and most important ally, Sir Thierry. We don't want that to change but...You have committed to a radical and transformative regional initiative which implicitly rejects every policy, every principle which underlay past regional cooperation as well as the spirits of the Treaties of Courtland and Lyeithen, an initiative which, it is our earnest and considered opinion, represents an absolute catastrophe from the perspective, not only of past human rights efforts, but from the perspective of the economic and geopolitical stability and prosperity of the region. You offered only after the fact consultation (and, as you said, you didn't call to discuss it, just to ask us to consider joining). What do you expect me to say, Sir Thierry? That I'm honoured you preferred to work on the details with us rather than the Knootians? I'm sorry it's come to this but we didn't make the decision. We're merely responding to it. I can't back down on this. I promise you, no Caldan Prime Minister of any party ever can or ever will back down on this. I'm sorry."
Last edited by The Resurgent Dream on Sat Nov 19, 2011 4:20 pm, edited 1 time in total.

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Pantocratoria
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Postby Pantocratoria » Sat Nov 19, 2011 10:45 pm

"Now hang on a moment!" Sir Thierry objected. "This is all rather rich. Just because the Knootians are circulating details does not mean Pantocratoria has agreed to any of them. Only an in-principle commitment to pursue this idea has been made without Caldan consultation just as an in-principle commitment has been made by you to oppose it without Pantocratorian consultation. I'd frankly ask you to stop altogether this absurd talk that such an undertaking of intention only represents a repudiation of anything at all, let alone our treaty obligations. I am talking to you, Amber, before my own party room on this. If that isn't close enough consultation for you then your expectations are unrealistic."

"And further, I told you I was committed to Xirnium's participation, didn't I?" Sir Thierry demanded. "And I haven't committed to any details around the circumstances of participation in the union of Aerion or frankly any Epheronian state. Those are details which the two of us could discuss if you'd be willing to investigate this. But frankly no discussions will be possible while you are so encumbered by prior assumptions about my intention or what Pantocratoria is committed to."

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The Resurgent Dream
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Postby The Resurgent Dream » Sun Nov 20, 2011 12:28 am

"Our objections are in principle," Trinh answered, "and they were determined by the oath I swore to Her Majesty and by the faith placed in me by the Caldan people. Moreover, they are simply the continuation of long-standing Caldan policy and of existing relationships. You, on the other hand, have committed yourself in principle to a major change in regional relations, before consulting us, along lines which this government considers inherently harmful to the interests of this country and the interests of the region for reasons which any discussion of the details might mitigate but cannot remove. Moreover, the offer to let us lead with you, if and only if we accept your proposal, is patronising in the extreme, especially when, as you yourself made clear, you were already aware of this government antipathy towards the very idea. Furthermore, it was insultingly presumptive to assume that, simply because this government shares with yours a pro-business economic perspective, that we would also share the surreal belief that crude economic interests superseded relationships between nations. It is called the National Party for a reason and, I might suggest, the nations whose relationships have lasted are not merely examples of respect for royal and imperial weddings. They are those nations which have built relationships as nations and not merely as fellow members of this or that comprehensive Atlantic agreement."

"Sir Thierry, if I seem harsh, it's because of the way you approached this call. You made assumptions about Caldan policy and about the policy and philosophy of this government that any intern in your foreign ministry could have corrected with a simple Boolean search. You spoke as though we should feel especially honoured to be invited in at the beginning of a policy you had already committed to, at least in principle, and to which you knew we were averse. The impression you have made is that you have no respect for me, no respect for this government and no respect for the Caldan Union. The fact that you are calling in the midst of your Cabinet, and none of them thought to second guess this approach, hardly makes it better. As the history of our two nations proves and the history of our joint relations with Excalbia proves, relationships play as much of a role in building alliances as dry policy. It's something to think about. Thank you for calling."

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Postby Pantocratoria » Sun Nov 20, 2011 1:55 am

Sir Thierry frowned as the Caldan Prime Minister scolded him then had the temerity to terminate the call. He tossed his phone back across the room to his aide. He turned back to the panoramic view of the Votosoros mountains and leaned his forehead against the sturdy glass of the window.

"What happened?" eventually asked one of the UCF strategists in the room.

Sir Thierry stewed in his own juices for a few long, painful moments, before forcing himself to swallow his anger. Wearing a dry smile he didn't feel, the Imperial Chancellor turned away from the window back to the advisors, party officials and ministers at the resort with him.

"I can only presume that I called at the wrong time of the month." Sir Thierry replied.

The room, mostly filled with men, enjoyed a chuckle if only to break the tension which had built as they witnessed one side of the communication.

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Postby Pantocratoria » Mon Nov 21, 2011 12:31 pm

Pantocratoria's ambassador to Xirnium, Roger Péronel, was not a particularly charismatic man, and he had been forced to admit to himself some time ago, that despite the glamour she maintained around her at all times, and despite the fact it was not at all conducive to the fulfilment of his role as the Pantocratorian Ambassador, he had a perfect loathing for Xirnium's Foreign Minister. Eléanor Sabëlinà was, he reasoned, one of those people whom eventually and inevitably, people either loved or despised. He forced himself to swallow his distaste on a routine basis, which fortunately he did rather well, and was able to politely convey the invitation of the Imperial Government to the Countess to visit Pantocratoria.

"...and perhaps after addressing the Imperial Parliament, you might consent to a brief conversation with the Chancellor and members of the Imperial Cabinet on the topic of the planned currency union Pantocratoria is presently pursuing?" his inquiry concluded. "Naturally Sir Thierry is aware that Xirnium is unenthusiastic about such an idea, but he is especially conscious of the rifts forming in the region, and would like an opportunity to discuss the perspectives for and against a regional currency union in person."

The invitation had been extended to Sabëlinà and not to Prime Minister Gilda for two reasons, really. One, in opposition the United Christian Front had called for Sabëlinà's resignation over Xirnium's intervention in Alekthos, and now sought to make amends. Two, foreign ministers often had more time for discussion and less time for photo-ops than heads of government.

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The Resurgent Dream
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Postby The Resurgent Dream » Tue Nov 22, 2011 3:18 am

Sir Malcolm Bruce, only recently made foreign minister, waited patiently for his Pantocratorian counterpart to answer the phone. Even as the phone rang, Sir Malcolm toyed with two notecards on his desk, each with a different set of notes. One notecard began "We can still salvage the relationship between our countries if we work together..." It was a strategy for framing the issue. It let the Pantocratorians know that they were in serious, even alarming, trouble. However, it also created a positive direction. The conversation would not be about the threat to the relationship. It would be about working together to salvage it.

The other card began "We have quite a mess to work through..." It framed the issue differently and more candidly. It focused on the negative, a mess to work through, while refraining from implied scare tactics. The Pantocratorians were not being asked to contemplate worst case scenarios and scramble to avoid them. They were simply being told there was a problem which needed to be fixed. It suggested a certain collegiality between foreign ministers and perhaps even hinted that the two of them would be resolving a problem caused by their nominal chiefs, neither of whom had performed well in the earlier call. It invited a different kind of conversation.

When the line picked up, Sir Malcolm said, in his droll, patrician tone, "I hope you're doing well, Minister. I understand we have a bit of a mess to work through, yes?" Sir Malcolm casually tossed the first card in the waste bin, focusing on the notes scrawled on the second. He couldn't say why he'd decided to go with the second card. Perhaps it was simply the one he happened to be looking at when the line picked up. However, during his service in the Second Ambaran War as well as in politics, Sir Malcolm had come to trust these instinctive, split-second decisions. At least in certain cases.

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Postby Pantocratoria » Tue Nov 22, 2011 4:37 am

"I was hoping to speak to you soon, Minister," replied Sir Cyrus Fastonville, in a tone equally patrician. He had returned to New Rome after spending the morning in Votosoros at the Chancellor's strategy retreat, and had set his underlings to work preparing for a discussion with his Caldan counter-part. "But what do you mean by a bit of a mess?"

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The Resurgent Dream
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Postby The Resurgent Dream » Tue Nov 22, 2011 11:13 am

"In light of the recent conversation between the Chancellor and the Prime Minister," Sir Malcolm responded. His tone did not change in the slightest, although, inwardly, he believed Sir Cyrus's ignorance wholly feigned. "I understand it did not exactly go well on either side, but, from our perspective, it is more than a personal misunderstanding. The Prime Minister reacted as she did because, from our perspective over here, both the Pantocratorian decision to enter into a currency union with other states and the manner in which the Chancellor approached it pose serious...challenges...to the future of our historic relationship."

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Postby Pantocratoria » Tue Nov 22, 2011 12:09 pm

"Ah, I see." Sir Cyrus replied. "Well, I am unable to comment on specifics of that telephone call as I am entirely ignorant except about what I could witness from across a very large room. I could see the Chancellor as he made the call, and it was abundantly clear that it did not go well. He subsequently confirmed to me that the Caldan Union was not interested in joining a currency union with Pantocratoria. However, as to the substance of that telephone call, I am ignorant. Sir Thierry naturally did not share the specifics of his private conversation with your Prime Minister."

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Abalucia
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Postby Abalucia » Tue Nov 22, 2011 12:13 pm

You are better off with your own currency. Abalucia wishes you all of the best with your economy.

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Postby The Resurgent Dream » Wed Nov 23, 2011 9:32 am

There was a long pause but, when Sir Malcolm spoke again, his tone was unchanged. "It was a discussion of policy between the Caldan and Pantocratorian governments. The entire conversation had implications for the future of the relationship between our countries and the Prime Minister speaks to her foreign minister when she is concerned for the viability of the Union's most important international alliance."

"Of the currency union policy, the so-called Western Atlantic Ducat, you mean?" Sir Cyrus clarified. "I understand that your Prime Minister indicated that Caldas did not wish to participate."

“Caldas is opposed to a regional currency union," Sir Malcolm clarified. "However, the manner in which the Chancellor raised the issue was also a cause for serious concern. Had we been addressed as allies and partners, it might have been possible for Caldas to simply refrain from participating."

"I'm sorry there were two things you said there..." Sir Cyrus furrowed his brow. "English isn't my first language. The first thing... that Caldas is opposed to a regional currency union.. do you mean Caldas is opposed to joining a regional currency union?"

"No. We consider it against our national interest for there to be a regional currency union," Sir Malcolm clarified.

"I see. When did you reach this position?" Sir Cyrus asked, perplexed.

"It was expressed to your Chancellor yesterday," Sir Malcolm noted.

"So this is a new position?" Sir Cyrus clarified.

"New in the sense that the issue was not seriously considered until this month," Sir Malcolm said, "but I do not consider it a break with traditional Caldan foreign policy principles."

"Well it rather impacts upon the plans Pantocratoria has been making for some time, so you'll excuse me for not sharing that assessment." Sir Cyrus replied. "In fact, Sir Malcolm, in the light of your new policy development, I can see now the mess you were talking about at the start of this telephone call."

"If Pantocratoria had consulted us on these plans, you would have been aware of our position for some time," Sir Malcolm pointed out.

"But you just said this was a new policy development." Sir Cyrus pointed out.

"I do not think we would have reached a different conclusion if asked to consider the matter a year ago," Sir Malcolm said. "I do not think even a Liberal or Labour government would have reached a different conclusion if asked to examine the question. As I said, it is based on Caldan foreign policy principles."

"Which foreign policy principles would those be, which oppose the creation of a currency union?" Sir Cyrus asked. "Because with respect, Sir Malcolm, those principles are certainly news to us."

"The creation of a currency union would limit our ability to govern our trade with individual nations. While not necessarily impossible, it is highly difficult to maintain different trade regimes with different states within a currency union. We might not wish to trade as freely with every member state as we now trade with Pantocratoria. The creation of a currency union would shift the regional centre of gravity towards the member states and would also have the likely effect of shifting perceived interests and even national sympathies within the member states towards one another and away from other traditional allies. We also believe based upon our best economic data (and I realise your economists must be telling you something different) that a currency union would be economically catastrophic, which is obviously bad for our economy even if we remain non-members," Sir Malcolm answered.

"I see." Sir Cyrus replied. "Well none of that, frankly, was particularly foreseen from our end. I might have to fire my advisors on Caldan foreign policy; they're clearly not very good. Some of the issues you observe are, from our perspective, not issues at all, but features of the currency union, and things that make such a union desirable." he paused to think for a moment. "So, Sir Malcolm, it seems that you and I have failed to do our jobs."

"So it seems," Sir Malcolm said, scribbling something on a notecard. "Which of those issues are, from your perspective, beneficial?"

"Shifting perceived interests and national sympathies is a significant part of the foreign policy motivation for the currency union." Sir Cyrus answered. "We clearly need a new approach to regional cooperation - the Atlantic International Organization has failed quite dismisally. Shifting perceived shared interests seems a desirable way to promote regional cohesion, if there is significant enough regional cooperation. In any event, we are moving away from the nature of the mess in which we find ourselves. To sum, the Caldan Union was unaware of Pantocratoria's intention to form a regional currency union until the letter from the Knootian Government on the issue some weeks ago, and Pantocratoria was unaware of the Caldan Union adopting a policy fundamentally hostile to the creation of any sort of currency union within the Western Atlantic until... well, frankly, this conversation. Or perhaps Sir Thierry was aware you mentioned? In any event, it's a dreadful mess."

"You'll understand that it is not reassuring to here you say that shifting perceived interests and national sympathies away from traditional allies is a positive good," Sir Malcolm noted, "especially in light of the doubts about the grounds for the relationship which arise from the Chancellor's call. And, yes, Sir Thierry was made quite clearly aware."

"I didn't say that, Sir Malcolm, you said that." Sir Cyrus replied. "I said that shifting perceived interests and national sympathies was part of our policy motivation. I didn't say we wanted to shift them away from traditional allies. Pantocratoria and Knootoss have approached our traditional allies in the region about this currency union, after all."

"Yet that inescapably becomes the policy now that you are aware that our joining the currency union was never a possibility," Sir Malcolm pointed out. "You made a commitment to form a currency union with Knootoss alone before asking your traditional allies for their positions in an insulting, condescending manner which casts doubt on the entire basis of the existing relationship." Sir Malcolm paused a moment. “I think you might insist your Chancellor brief you on his communications. I don’t think you understand the extent of the loss of confidence here, especially in the wake of the Iesus Christi mess when things are already as bad as they are here.”

"Sir Malcolm, I do not agree in the slightest that the Knootian request for input was insulting or condescending." Sir Cyrus objected. "Excalbia, the Abt Republic, the Confederation of Sovereign States, all replied and gave input, and none found the request insulting or condescending. Further, it would seem that Caldas made a decision to oppose any and all currency unions alone before asking her traditional allies for their position."

“Caldas did not formally commit to another nation to oppose any and all currency unions, contact Pantocratoria after the fact and then invite you to join in opposing them, announcing that we were willing to discuss details as though that were some sign of our partnership,” Sir Malcolm said. “The problem is...May I be frank, Sir Cyrus?”

"No, worse, Caldas made that decision independently and then just didn't tell us about it." Sir Cyrus objected. "Please, do be frank, Sir Malcolm, it may be all that saves the employment of several of my policy advisors."

“We told you about it as soon as it became relevant,” Sir Malcolm pointed out. "The range of Caldan policy flexibility here is quite narrow but there is a range. We can sacrifice existing relationships, offer incentives and disincentives and essentially do everything in our power to prevent Atlantic nations from joining and we would consider the currency union and its members in an adversarial light going forward. Or we can simply refrain from joining and allow the initiative to proceed with only sporadic criticism and polite advice not to join to any nation which seeks to consult with us. Which of those policies is adopted depends, frankly, entirely on Pantocratoria."

"You told us about it... yesterday. You were asked about the currency union weeks ago. In the meantime our policy position has become public. You will appreciate that this changes Pantocratoria's freedom of action." Sir Cyrus replied. "So, let's talk about what depends on Pantocratoria, and about what is within the Imperial Government's freedom of action."

"Not immediately responding to the Knootians was a miscalculation," Sir Malcolm admitted. "We were hoping the idea would fizzle and we could avoid alienating them directly. They tend to overreact. I had not expect so many other nations to be receptive to the idea." The implication, that Sir Malcolm simply could not comprehend anyone anywhere supporting this, was allowed to remain unstated. "What is in the hands of Pantocratoria is satisfying us that our relationship with Pantocratoria is stable and has not already implicitly been written off in favour of Knootoss or whatever other powers might be willing to join this new arrangement. That is why the Chancellor's call, which might be written off as simply rude in a different situation, is a very big deal. It is not a matter of hurt feelings or punishing insults. It suggested things about how the Chancellor and the government view this country and this government which severely undermine the confidence of this government in our ongoing relationship. If the situation is to be salvaged, you need to understand that. Your government needs to understand that. The Chancellor needs to understand that. And we need to know that you understand it. Moreover, we need to know that our existing economic relationship will not be threatened by any Treaty Pantocratoria signs and that we will not be required, in order to keep that relationship, to establish similar trade relations with nations with which we do not currently wish to trade."

"Let me reassure you then, Sir Malcolm," Sir Cyrus began. "That even without knowing the specifics of the Chancellor's call, I can tell you that he, and his government, deeply value the relationship which has long existed between our two countries. Nothing about this currency union alters in any way the alliance which exists between our nations. The existing economic relationship between Pantocratoria and the Caldan Union will not be impacted - we were trading in two different currencies before, and we will be trading in two different currencies in the future. You will not be required to establish trade relations with any other nations, although I suppose that you may have to accept a slight increase of trade through indirect channels if the currency union included nations with whom you substantially regulated or restricted trade. But you may be reassured that even on this front, the nations with whom we are pursuing this currency union are all signatories to the Treaty of Lyeithen or Courtland, both of which have substantial agreements on trade, or which are nations friendly to Caldas. You need only to raise the question about whether a nation should be admitted for us to consider how the impact upon Caldas could be contained. Is this the undertaking you were seeking?"

“We’ll refrain from taking any negative action,” Sir Malcolm said, “but we’re still concerned. Thank you for speaking with me. I’ll consult with my colleagues.”

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Postby Knootoss » Sun Nov 27, 2011 1:48 pm

From the Knootian Ministry of Foreign Affairs and Defence:

Image


Ministry of Foreign Affairs and Defence
"Omnia mutantur nos et mutamur in illis"



Ministry of Foreign Affairs & Defence
Plein 4
P.O. Box 40004
2500 ES HARTSTAD
http://www.minbuzadef.kn
From: Daniel Maria Geelen, Minister of Foreign Affairs and Defence, Dutch Democratic Republic of Knootoss
To: The Holy and Most August Empire of Pantocratoria and the Federation of Southern Low Countries
CC:
  • Atlantic Organisation (Treaty of Courtland)
  • The Abt Republic,
  • The Empire of Balthorvia
  • The Holy Empire of Excalbia,
  • The Fiefdom of Leagran,
  • The States-Federation of Snefaldia
  • The Confederation of Sovereign States,
  • The Dominion of Upper Virginia

Subject: Specific proposal
Security Classification: Restricted








Your Excellencies,

I am glad to report that we have been able to agree on a Memorandum of Understanding with regards to the participation of the Federation of Southern Low Countries in the proposed currency union. A number of salient issues remain for your review. I implore you to respond with either agreement or a counter-proposal with regards to the issues involved.

This letter has also been sent to the AOI. I've also taken the liberty of sending it to the governments of the Abt Republic, the Empire of Balthorvia, the Holy Empire of Excalbia, the Fiefdom of Leagran, the States-Federation of Snefaldia, the Confederation of Sovereign States and the Dominion of Upper Virginia - all nations who have expressed a potential interest in the currency union. To them I would extend the same request: to signal any problems that might arise from the arrangement below within the next fifteen days.

1. ELIGIBILITY CRITERIA

The purpose of setting eligibility criteria is to maintain the price stability and to avoid structural imbalances. Any nation that wishes to formally join the currency union between the Knootian Federation, the Pantocratorian Empire and the Southern Low Countries should gain the assent of all the parties, as well as meeting the following standards set by the World Assembly:

  • Prosperity: The economy of the applicant country should be regarded as 'Powerhouse', 'Thriving', 'All-Consuming' or 'Frightening' .
  • Free Economies: Free Enterprise must be legal and there must be a significant private sector.

In addition, the Western Atlantic Central Bank shall determine if the country meets the following criteria:

  • Inflation: Inflation should not be more than 1.5 percentage points higher than the average inflation rate of Knootoss and Pantocratoria.
  • Deficit: The ratio of the annual government deficit to gross domestic product (GDP) in applicant countries must not exceed 3%.
  • Government debt: The ratio of gross government debt to GDP in applicant countries must not exceed 60%.
  • Peg: Applicant countries should have pegged their currencies to the Atlantic Ducat for one consecutive year, and should not have devalued its currency during the period.
  • Long-term interest rates: The nominal long-term interest rate set by the Central Bank of the applicant country must not be more than 2 percentage points higher than in either Pantocratoria or Knootoss.

2. NEW CURRENCY: THE ATLANTIC DUCAT

The new currency shall be issued on January 1st 2012 in the Knootian Federation, the Federation of Southern Low Countries and the Pantocratorian Empire. It shall be known as the "Atlantic Ducat".

The Atlantic Ducat shall mirror the denominations of the Pantocratorian Ducat. The coins shall be issued in the following denominations: one nummi (1ν) coin, five nummi (5ν) coin, ten nummi (10ν) coin, twenty nummi (20ν) coin, and the fifty nummi (50ν) coin. The first four coins shall be minted from copper, but the fifty nummi coin shall be a silver-coloured coin of copper / nickel composition. One side of the coin shall carry a nationally chosen decoration, most likely the face of the Head of State. The other side of the coin shall show the engraved value of the coin.

There shall be seven denominations of paper notes: the one ducat (∂1) note, the two ducat (∂2) note, the five ducat (∂5) note, the ten ducat (∂10) note, the twenty ducat (∂20) note, the fifty ducat (∂50) note, and the one hundred ducat (∂100) note. Every note shall have a different colour, and share both national symbols and symbols representative of the entire currency union, as well as the phrase "WESTERN ATLANTIC CENTRAL BANK" in the English, French and Dutch languages. The banknotes shall be made from the polymer biaxially-oriented polypropylene (BOPP), which greatly enhances durability of the banknotes. They shall also incorporate security features not available to paper banknotes, discussed in annex (I).

3. INTRA-UNION POLICIES

3a. Tariffs shall not be levied on the trade of goods and services within the union.

3b. The requirement to obtain import licenses shall be abolished within the union.

3c. The parties shall agree to review all non-tariff barriers to trade that exist within the union, as part of a constant intergovernmental review process. Knootoss wishes to see substantial reductions in the burdens that are being imposed by excessive documentation requirements and government procurement policies within Pantocratoria. Depending on progress being made in these negotiations, it is prepared to open the insurance system used to compensate foreign traders for losses due to external political risks to all union businesses.

3d. The parties shall agree not to impose any unreasonable restrictions on capital movements within the union. The details are discussed in annex (II).

3e. The parties shall begin an intergovernmental process to come to a more finely tuned regulatory regime for all private banks operating within the union, with the aim of making sure that all banks are sufficiently capitalised, and that their capital holdings are diverse enough to be resilient in the face of a sudden withdrawal of capital from a union country.

3f. Where necessary, the parties shall adjust national legislation to allow migrant workers moving within the union to pay taxes in the country where they are residents, and they shall not impose national taxes on their own citizens, when they are already paying taxes for the same work in another union country. Parties shall reserve the right to deny social services to migrant workers moving within the union for a period of up to six months.

3g. Parties may chose to impose "cost of living" or means tested means tested benefits for any welfare benefits paid to its citizens in other union countries.

3h. For the purpose of foreign investment and ownership rules, citizens and businesses of union countries shall be treated equally to nationals in all union country. However, countries may reserve the right to impose residency requirements.

4. EXTERNAL POLICIES

4a. All existing trade agreements with between external parties and union countries shall remain in force. Where there are considerable differences between the trading regimes of different union countries and an external party, policies shall be ameliorated with an eye to establishing the freest (most favoured) trading regime for the entire union. The Knootian Federation and the Southern Low Countries have already indicated that they do not object to any existing trade relations of Pantocratoria. Pantocratoria shall have until January 1st 2012 to object to any current Knootian bilateral or multilateral trade relations, and any disputes arising from such objections shall be resolved to mutual satisfaction.

4b. A common policy shall be developed for all states with whom no specific bilateral or multilateral agreement has been secured. Future trade agreements shall be agreed on behalf of the union, if they include concessions that would affect the entire union.

4c. National governments will retain the right to use a licensing system for goods and services imported from outside the currency union.

5d. Major changes in immigration policies, excluding asylum policies, shall be the subject of intergovernmental consultation between union members, with a view to preventing imbalances.

5. INSTITUTIONS

5a. The Western Atlantic Central Bank shall be a wholly independent agency, with a mission to fight inflation and ensure the financial stability of the union. The Western Atlantic Central Bank shall also work to back all banks operating within the union, and it shall be authorised to certify private banks, using data provided by national central banks. (See Annex III)

b. Membership of the board of the Western Atlantic Central Bank shall broadly reflect the national, political and monetary diversity of the union. (For more details, see annex III)

c. The parties shall study the creation of a pan-regional clearing bank (PCB), to settle the balance of transactions that give rise to trade surpluses or deficits. Such a scheme shall allow for the discipline of member nations with trade deficits. Higher overdrafts would incur an interest charge on a rising scale. A country that breached half its overdraft would be required to sell some of its gold reserves to the PCB and to prohibit capital exports, and ultimately face expulsion.

d. The parties shall establish an institutional process by which certain customs regulations, including harmonization of consumer protection, freedom of movement of goods and persons, freedom of movement of workers, etc. may be integrated further. This shall include the creation of a mechanism for judicial conflict resolution between individuals and businesses, when dealing with trans-national economic disputes within the union. A separate, supranational institution may have to be established for this purpose.

Yours sincerely,

Daniel Geelen


This government communication has been printed on biodegradable paper. All carbon emissions associated with the creation of this government communication have been off-set with new plantings in Colombia, using the Pink Bunny Tree™ Carbon Offset Scheme, sponsored by the Pink Bunny Cola Corporation and the Global Hell Group. For more information about the Pink Bunny Tree™ Carbon Offset Scheme, consult http://www.futureproof.kn.
Last edited by Knootoss on Sun Nov 27, 2011 7:06 pm, edited 5 times in total.

Ideological Bulwark #7 - RPed population preserves relative population sizes. Webgame population / 100 is used by default. If this doesn't work for you and it is relevant to our RP, please TG.

User avatar
Abt
Spokesperson
 
Posts: 106
Founded: Jan 27, 2006
Ex-Nation

Postby Abt » Mon Nov 28, 2011 8:04 pm

Image
FOREIGN AFFAIRS MINISTRY
ABT REPUBLIC


To Her Highness the Countess of Pereslavl, Prime Minister, Dutch Democratic Republic

concerning

Atlantic Currency Union


Confidential.

Your Highness,

The Abt Republic has already expressed her reserved interest in the proposed currency union within the Atlantic. However, the Republic as of yet shall not sign up to any deadlines on the adoption of a single currency as many points remain to be clarified.

The Republic's concerns with the proposed drafts are as follows:

    ELIGIBILITY: the Abt Republic is ranked by the World Assembly, of which it is not member, as a “Very Strong” economy. Whilst Belgorod disagrees with the arbitrary classification of all countries by the WA, it must be said that if solely WA criteria are used, then the Republic shall not be eligible for the currency union.

    PRIVATE BANKS ESTABLISHMENT: the Abt Republic shall insist that the regime by which foreign banks operating in Abt must establish local daughter companies fully subject to Abtian jurisdiction be maintained.

    FREE MOVEMENT OF WORKERS: the Abt Republic shall insist on abolishing any double-taxation on the same income and shall insist on workers, private entrepreneurs and companies to pay income taxes in the country in which their economic activities produce their income.

    INSTITUTIONS: the currency union shall require a firm and well established institutional structure, with clearly assigned responsibilities and powers.

The Abt Republic shall be happy to partake in any talks on the issues aforementioned.

I wish you all the best in your endeavours,

May the Holy Theotokos watch over Abt and Knootoss,

Dmitry Gerasimov
(signed)
Foreign Affairs Minister
Abt Republic





Image
FOREIGN AFFAIRS MINISTRY
ABT REPUBLIC


To Her Excellency Amber Thi Trinh, PC, MP, Prime Minister, Caldan Union of the Resurgent Dream

concerning

Atlantic Currency Union


Confidential.

Your Excellency,

The recent integrative initiatives within the Atlantic area have sparked a certain amount of interest from the Abt Republic. However, it has also not escaped our attention that the Caldan Union views in a negative light any tight integration between her various trading partners due to concerns that various trade privileges would have to be extended to parties the Caldan Union wishes to minimize dealings with.

Given the aforementioned issues, the Government of the Abt Republic cannot realistically aim at any further integration into the proposed Currency Union without prior consultations with the Republic's primary military, political and economic ally and friend. Whilst it can be said without hesitation that the Republic, in the spirit of her own sovereignty, shall not allow any foreign power the right to veto Abt's foreign politics, the Government of the Abt Republic wishes to learn what concerns could arise in the Caldan Union should the Republic pursue further moves to integrate into the proposed currency union.

I assure Your Excellency of my continued respect,

May the Holy Theotokos watch over Abt and the Resurgent Dream,

Dmitry Gerasimov
(signed)
Foreign Affairs Minister
Abt Republic
Last edited by Abt on Tue Nov 29, 2011 8:08 am, edited 4 times in total.

User avatar
Uncle Noel
Spokesperson
 
Posts: 121
Founded: Antiquity
Ex-Nation

Postby Uncle Noel » Wed Nov 30, 2011 10:38 am

Meeting of the Council of State
Palace of the Fiefdom
Qarthadge


It was a clear, North Epheron morning as the military top brass, and their assorted technocrats, gathered in the glass and concrete edifice that was the Palast der Lehen. With its once-gleaming front of polished glass, the Palast had once represented the hopes of a glorious future that awaited Leagran following the fall of the old Kingdom. Such hopes that not, entirely, been displaced, but it was a fool who did not entertain the thought that, perhaps, the Fiefdom’s best days were behind it. The men assembled in the Council of State, for one, were determined that this was not to be the case, and had pinned some of their hopes on the vaulted currency union proposed by Knootoss as a means to restore their previous economic condition.

The letter from the Knootian Foreign Minister, for whilst it had been received via secure interweb connection, this had been promptly printed off for the benefit of older Council members who “can’t read off a bloody screen” was held in the secure hand of the Minister for Finance, Johann Unruh, the technocratic expert on economics who had been drafted into the role by the ruling generals in recognition of the fact that men trained to fight do not necessarily have the same skills to maintain a low bond yield.

“The proposal from Herr Geelan,” Unruh began, casting a look around the assorted medal and epaulets that sat around the table with him, “Does not appear to me to be unreasonable.”

“Humph,” grumbled General Augustulus Spode, Minister of the Interior and critic of the currency union, “It would have been more polite to have received a direct reply to our missive as opposed to being included in a general everyone. The clearing bank was our idea, but read the Knootian letters and you would think the idea had first come to them.”

“It is unrealistic to expect the Knootians,” replied Admiral Nabalus Weems, Minister of Foreign Affairs, “to reply to everyone individually, considering the potential numbers of those expressing an interest. I am sure if you are offended, Spode, then you can ask Geelan to make clear in all future correspondence that the Pan-Clearing Bank was our proposal.”

“It’s not a question of my being offended,” the General replied with a sharp look, “More a question of polite etiquette.”

“Enough.” The voice of Air Chief Marshal Hoogaboom, known somewhat affectionately to Leagranis as ‘Uncle Noel’, boomed from the head of the table. Despite the appearance of antipathy, all three men were Styalists, the previously persecuted religious group which, by stint of leading the Corrective Putsch, had now established themselves in a position of dominance across a country of many creeds and faiths.

“Well it’s all academic anyway,” said Edmund RandolphHajjison, another civilian and this time President of the Board of Trade, a somewhat antiquated name for a minister of industry, “Because the last time I checked, the World Assembly classed our economy as ‘strong’ and certainly not 'Powerhouse', 'Thriving', 'All-Consuming' or, indeed, 'Frightening'.”

“This is a good point,” said Spode, beginning again, “And another thing, the ducat? I know Pantocratoria is a major player and all that, but it’s a bit much to name a new currency after theirs. If we had wanted the ducat, why don’t we go the full way and adopt the Pantocratorian Ducat itself, and have Andrius smile benevolently upon us everything we look in our wallets.”

The Council of State gave a small chuckle at this.

“Perhaps,” said Unruh even-handedly, “It is something that can be amended. I will admit that I was somewhat taken aback that German was not even included on proposal. Why have any language at all, if we are to somehow narrow it to a chosen few.”

“Quite,” said Weems, “I cannot see the Greek speaker of Pantocratoria being especially enamoured with the idea, since it has taken so long for their language to be recognised to begin with.”

“It seems to be,” Hoogaboom stated, “That the Knootian proposals are an excellent first step but, perhaps with hindsight, a little premature. We can no doubt attribute this to Dutch exuberance.”

Another titter spread across the room.

“Weems, reply to Grulan...”

“Geelan” corrected Unruh.

“Whatever, reply to Beeline and say that we thank them for their proposal and shall consider them in due course.”

“It doesn’t matter what they call it,” stated RandolphHajjison with a sour look, “I still don’t think we qualify.”

“And with regards to that, my dear Edmund,” said Hoogaboom, “I have a letter for you to write...”




From: Edmund RandolphHajjison, President of the Board of Trade, Fiefdom of Leagran
To: Monsieur Thierry Saltz, President of Peacock Motors, New Rome
CC: The relevant department of His Imperial Majesty’s Government
Subject: Investment in Leagran
Security Classification: Moderate




English/Deutsch/Français


Dear Monsieur Saltz,

I write with regards to a proposal from the government of Leagran, to your company, to seek development of an ongoing industrial partnership with Peacock Motors in order to facilitate a mutually beneficial arrangement. Please note, from the outset of this letter, that my department has sought to inquire with our counterparts in Pantocratoria to ensure that our correspondence is in full compliance with Imperial Law and, therefore, you may rest assured that everything proposed is entirely above-board.

As you may well know, the Fiefdom of Leagran has developed a fine reputation in the Northern Epheron/Western Atlantic region for the strength of our industrial wares. This is based mainly on the Defence industry, and you may be familiar with such firms as ‘Kühnen, Imanson and Cohen’ and ‘Luzzatto and Sons Small Arms’ which, I am told, are famous throughout the reason for the quality of their wares.

The recent economic upheavals, the effects of which have been felt across the region, have, however, left Leagran with a surplus of highly skilled workers who are able to gainfully employ their many skills to alternative labour. Not only this, but with a current GDP per capita of $12,218.80 (which, I am reliably informed, places Leagran on par with ‘Poland’, wherever this may be) transferring any manufacturing operations to Leagran would see a significant reduction in any labour costs which you may currently be forced to contend with.

Let me therefore take this opportunity to invite you, or a duly authorised person from Peacock Motors, to visit Leagran in order that we may more properly discuss the competitive advantages that Leagran possesses (such as easy access to the rapidly growing markets of Sub-Sahel Epheron and Europe), together with a range of subsidies that may be of consideration when making the choice of the Fiefdom for any future/existing manufacturing output. A complementary gold carriage clock is also available, Pantocratorian Regulations withstanding.

I do hope to here back from you shortly. Please feel free to contact either myself of the Board of Trade should you wish clarification on anything.

I remain your obedient servant,

Edmund RandolphHajjison

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Pantocratoria
Diplomat
 
Posts: 715
Founded: Antiquity
Ex-Nation

Postby Pantocratoria » Mon Dec 05, 2011 2:59 pm

PANTOCRATORIAN IMPERIAL GOVERNMENT

Office of the Deputy Chancellor and Treasurer
Imperial Treasury
New Rome


TO:
Hon. Daniel M. Geelen
Minister of Foreign Affairs and Defence
Knootian Republic of the Low Countries

CC:
Atlantic International Organisation (both)
Abt Republic
Empire of Balthorvia
Holy Empire of Excalbia
Fiefdom of Leagran
States-Federation of Snefaldia
Confederation of Sovereign States
Dominion of Upper Virginia
Federation of the Southern Low Countries
Eternal Republic of Xirnium
Grand Empire of Aerion

RE: Specific currency union proposal by Knootoss


Monsieur Geelen,

Bearing the portfolio responsibility for matters pertaining to the currency union proposal, I respond to your letter on behalf of the Imperial Government. I shall address each of the areas of your proposal with the Imperial Government's latest thinking on the issue.

1. Eligibility Criteria
As only the Knootian and Southern Low Countries are members of the World Assembly, Pantocratoria does not feel that the measurements of that gnomish institution are of particular import or relevance to the currency union discussion. The topic of individual eligibility we would prefer to leave as a matter for negotiation on a case-by-case basis. We would be supportive of the general eligibility requirements your proposal specified which would be established by the Western Atlantic Central Bank. We believe that this should be amended with respects to requirements on government debt, to clarify that this 60% of GDP must be calculated over a reasonable cycle. We are mindful that during periods of conflict, such as the recent war against Iesus Christi, such requirements would place unrealistic and unhelpful restrictions upon the ability of member states to act. Instead, then, we propose that the ratio of gross government debt to GDP in applicant countries averaged over a ten-year sliding window not exceed 80%.

2. New Currency: the Atlantic Ducat
The Imperial Government accepts this proposal and adds simply that currency minted in one member state will be legal tender in all other member states, although it may be withdrawn from circulation when it enters the banking system. Banks will only issue currency minted in the member state in which they are located. In this way the convenience of a shared physical currency is retained, whilst remaining mindful of the sentimental national attachment and affection shown towards nationally minted currency.

3. Intra-Union Policies
The Imperial Government agrees to review the requirements alluded to in 3c in detail six months after the implementation of the first stage of the currency union, by which time practical experience will better permit Treasury to identify problem areas.

The Imperial Government wishes to amend 3f to specify that national income taxes will not be imposed upon citizens who are residents of other union countries, as defined by the legislation in the country of citizenship, for the period of their employment in the other union countries. Further, we wish to add that union states have the right to impose other forms of taxation upon citizens resident in other union countries, so long as those forms of taxation are not a replacement for income taxation, and so long as they would also apply to the citizen when resident in their own country. Further, we would stipulate that such workers would be required to pay income tax in their country of residence.


4. External Policies
These are accepted. The Imperial Government is still awaiting a list of Knootian trade agreements. If this is provided in a timely fashion, the deadline in 4a can be met.

5. Institutions
We believe that 5a has implications for foreign banks operating within the union. The implication is that all banks operating within the union must be backed by the Central Bank. This may change the regulatory environment for foreign banks in the union. This matter is being investigated by my department and requires similar attention in Knootoss.

We find 5d too vague to be useful and overly ambitious in its language, and would prefer to leave the matter unaddressed at this stage.

Yours etc,

Isaac Comnenus
Rt. Hon. Sir Isaac Comnenus KOP MP
Knight of the Order of the Pantocrator
Deputy Chancellor and Treasurer
Last edited by Pantocratoria on Mon Dec 05, 2011 3:01 pm, edited 3 times in total.

User avatar
Aerion
Envoy
 
Posts: 230
Founded: Antiquity
Ex-Nation

Postby Aerion » Fri Dec 09, 2011 5:09 am

From Alazaern Valtane, HIM's Minister for Foreign Affairs
To: Daniel M. Geelen
Minister of Foreign Affairs and Defence
Knootian Republic of the Low Countries

CC: Atlantic International Organisation - Lyeithen
Abt Republic
Empire of Balthorvia
Holy Empire of Excalbia
Fiefdom of Leagran
States-Federation of Snefaldia
Confederation of Sovereign States
Dominion of Upper Virginia
Federation of the Southern Low Countries
Eternal Republic of Xirnium
Grand Empire of Aerion

Image
Imperial Ministry of Foreign Affairs
Grand Empire of Aerion


Your Excellency,

By decree of Her Imperial Majesty Pādshah Empress Ameria Shāh Wasterin the Grand Empire of Aerion will not participate in any proposed currency union as this would infringe on the sovereignty of the Grand Empire. The issuance of currency and setting of interests is an Imperial prerogative of Her Imperial Majesty as Pādshah Empress & Autocratix of the Grand Empire of Aerion.

The Grand Empire of Aerion is determined to continue trade relations with other nations of the Western Atlantic who are interested in doing so, but will not accept arbitrary exchange rates.

Faithfully yours,
Alazaern Valtane
HIM's Minister for Foreign Affairs
Last edited by Aerion on Fri Dec 09, 2011 5:11 am, edited 1 time in total.
Official name: Grand Empire of Aerion
Capital: Imperial City
Tech Level: Postmodern

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Xirnium
Chargé d'Affaires
 
Posts: 447
Founded: Oct 01, 2005
Ex-Nation

Postby Xirnium » Sat Dec 10, 2011 6:37 pm

‘Isn’t it strange.’ Eléanor Sabelina zy Nelyâmnar spoke liltingly as she signed a letter to the Pantocratorian government, which had been brought into her office in final draft along with the letter it had been drafted in reply to. ‘How two men can have completely different experiences in similar circumstances.’

In the curving flourish of her fine Spencerian script:

Believe me to be,
My dear Sir,
Yours most indubitably, and immeasurably,

Then her signature with its lavish scrolls and shading. She placed her iron dip pen down carefully.

‘But I suppose that’s the nature of our Age, isn’t it? Relativity. Einstein. The Uncertainty Principle.’

Her office was a large long room, windowed on both sides with tall mullioned windows, and stuffed full of countless things in the greatest disorder. Clutter of objects, a brass armillary sphere, two parchment-coloured globes standing together, each spun to different hemispheres, myriads and myriads of different varieties of moths mounted under glass and handsomely framed. And most of all books, books in tall cases, books piled high in corners,books leaning wearily together on shelves, books opened and laid atop other open books on tables and in the seats of chairs.

She was in this winter at the height of her powers, her figure tall, angular and narrow, hair iron-grey, manner wilful and complacent as a tabby-cat. Everything about her, from white gloves to gigantic fisheye-lensed spectacles, suggested the mellowness of maturity.

Alphege Varànya smiled tolerantly. He was a pink-lidded, thin featured man, well-dressed, wearing a topcoat covered in finely homespun shawls and a monocle. ‘I understand the Uncertainty Principle is Heisenberg, Minister.’

‘Who?’ Eléanor blinked.

‘You know. Quantum Mechanics.’

‘Ah.’

She collected her thoughts, as a shepherd collects his flock upon waking from the afternoon’s nap to find that they have made a break for freedom and scattered across paddocks and meadows, canton and shire.

Curling, white-gloved fingers touched at an Henriëtte Winterhelm cigarillo held between her teeth. The chairs in the room were all severely square with rigid backs, tall like the guillotine and decorated with strict classical order, and Eléanor sat cross-legged in one in easy complacency under a blue canopy of lazily curling smoke. A sheathed rapier balanced on its point rested reassuringly against the knee of her jack-leather boot.

‘Anyway, see here Alphege.’ Eléanor stabbed at the letter with a long, gloved index finger. ‘“Naturally Sir Thierry is aware that Xirnium is unenthusiastic.” I wager that was included because of the row with the Resurgent Dream.’ The Ministry of Foreign Affairs had heard of a significant falling out between the two countries after the Pantocratorian government had taken for granted it could count on the Resurgent Dream’s support.

‘And yet.’ Nodded Alphege in agreement. ‘All of our statements with respect to this matter have been deliberately vague.’

‘Obviously not vague enough.’ Her glasses gleamed opaquely.

‘To address the Imperial Parliament is a great honour, Minister, likewise to meet with the Cabinet.’ His own monocle similarly gleamed. ‘We must instruct your staff to prepare a foreign policy position which leads them on whilst promising nothing. “I will take no one’s side and be the friend of everyone.” As M de Villepin writes in his Memoirs of his visit to Timiocato.’

‘I’m an old woman now, Alphege, and no longer seek out honours as I did in my youth.’

The man looked like he did not believe it.
Last edited by Xirnium on Sat Dec 10, 2011 9:56 pm, edited 6 times in total.

User avatar
The Resurgent Dream
Diplomat
 
Posts: 976
Founded: Aug 22, 2004
Left-Leaning College State

Postby The Resurgent Dream » Wed Dec 14, 2011 12:10 am

Abt wrote:
(Image)
FOREIGN AFFAIRS MINISTRY
ABT REPUBLIC


To Her Highness the Countess of Pereslavl, Prime Minister, Dutch Democratic Republic

concerning

Atlantic Currency Union


Confidential.

Your Highness,

The Abt Republic has already expressed her reserved interest in the proposed currency union within the Atlantic. However, the Republic as of yet shall not sign up to any deadlines on the adoption of a single currency as many points remain to be clarified.

The Republic's concerns with the proposed drafts are as follows:

    ELIGIBILITY: the Abt Republic is ranked by the World Assembly, of which it is not member, as a “Very Strong” economy. Whilst Belgorod disagrees with the arbitrary classification of all countries by the WA, it must be said that if solely WA criteria are used, then the Republic shall not be eligible for the currency union.

    PRIVATE BANKS ESTABLISHMENT: the Abt Republic shall insist that the regime by which foreign banks operating in Abt must establish local daughter companies fully subject to Abtian jurisdiction be maintained.

    FREE MOVEMENT OF WORKERS: the Abt Republic shall insist on abolishing any double-taxation on the same income and shall insist on workers, private entrepreneurs and companies to pay income taxes in the country in which their economic activities produce their income.

    INSTITUTIONS: the currency union shall require a firm and well established institutional structure, with clearly assigned responsibilities and powers.

The Abt Republic shall be happy to partake in any talks on the issues aforementioned.

I wish you all the best in your endeavours,

May the Holy Theotokos watch over Abt and Knootoss,

Dmitry Gerasimov
(signed)
Foreign Affairs Minister
Abt Republic





(Image)
FOREIGN AFFAIRS MINISTRY
ABT REPUBLIC


To Her Excellency Amber Thi Trinh, PC, MP, Prime Minister, Caldan Union of the Resurgent Dream

concerning

Atlantic Currency Union


Confidential.

Your Excellency,

The recent integrative initiatives within the Atlantic area have sparked a certain amount of interest from the Abt Republic. However, it has also not escaped our attention that the Caldan Union views in a negative light any tight integration between her various trading partners due to concerns that various trade privileges would have to be extended to parties the Caldan Union wishes to minimize dealings with.

Given the aforementioned issues, the Government of the Abt Republic cannot realistically aim at any further integration into the proposed Currency Union without prior consultations with the Republic's primary military, political and economic ally and friend. Whilst it can be said without hesitation that the Republic, in the spirit of her own sovereignty, shall not allow any foreign power the right to veto Abt's foreign politics, the Government of the Abt Republic wishes to learn what concerns could arise in the Caldan Union should the Republic pursue further moves to integrate into the proposed currency union.

I assure Your Excellency of my continued respect,

May the Holy Theotokos watch over Abt and the Resurgent Dream,

Dmitry Gerasimov
(signed)
Foreign Affairs Minister
Abt Republic


[ box]

Your Excellency,

The relationship between the Republic and the Caldan Union will not be affected by the decision of the Republic with regards to the proposed currency union. The Caldan Union has decided not to pursue membership in the currency union in any capacity. We have done so for reasons no doubt familiar to you from your own careful consideration of the benefits and costs of a currency union. However, it is not the foreign policy of this nation to actively discourage others from joining.

Sincerely,

Amber Trinh

[/box]

User avatar
Pantocratoria
Diplomat
 
Posts: 715
Founded: Antiquity
Ex-Nation

Postby Pantocratoria » Wed Dec 28, 2011 2:34 pm

Halt to Currency Trade Announced
The Pantocratorian Government announces an immediate suspension in trade of the Pantocratorian Ducat, in joint with the Knootian Government's corresponding suspension in trade of the Knootian Currency Unit, and the suspension in trade of the Federal Guilder of the Southern Low Countries. On 1 January 2012 at midnight (New Rome Standard Time), trade in the Atlantic Ducat will commence.

The initial Western Atlantic Currency Area (WACA) will consist of:
  • The Pantocratorian Empire
  • The Knootian Federation
  • The Colony of Pantocratorian Ambara
  • The Federation of the Southern Low Countries

The initial value of the Atlantic Ducat, at the interbank exchange rate, at midnight, 1 January 2012, will be:
1 Atlantic Ducat = 1 Pantocratorian Ducat = 0.895 Knootian Currency Units = 2.252 Federal Guilders = 1.335 Colombian Pesos


Pantocratorian Ducats will continue to be honoured at this rate by the Pantocratorian Imperial Bank, and the newly established Atlantic Central Bank. All bank balances held in Pantocratorian banks in Pantocratorian Ducats will be reflected in Atlantic Ducats as of midnight, 1 January 2012. Physical currency will gradually be replaced over 2012, with Pantocratorian Ducats to be replaced by Atlantic Ducats through the course of normal banking transactions, as supplies of the new currency are made available to banks. Throughout 2012, the Pantocratorian Ducat and Atlantic Ducat will both be legal tender, at this fixed one-to-one exchange rate.
Last edited by Pantocratoria on Wed Dec 28, 2011 2:35 pm, edited 1 time in total.

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Snefaldia
Diplomat
 
Posts: 782
Founded: Dec 05, 2006
Ex-Nation

Postby Snefaldia » Wed Dec 28, 2011 3:42 pm

Image
Ministry of Finance



Office of the First Minister of Finance
8 Ministry Circle- Sargedain
Dayan 1256, Snefaldia
http://www.khsyon.sne.gov
FOR PUBLIC RELEASE






Effective January 3, 2012 at midnight Sargedain time, the Bureau of Foreign Exchange will cease floating valuation of the me-wak (ᴽ) and will introduce a crawling peg of the Snefaldian currency to the newly-created Atlantic Ducat to be used in the Western Atlantic Currency Area (WACA).

The initial value of the me-wak, at the current forex rate, January 3, 2012 at midnight Sargedain time will be:
1 Atlantic Ducat = .714ᴽ

Beginning February 1, 2012, a Special Economic Zone will be effected in the Shahd Autonomous Region and the City of Taxilha; Atlantic Ducats will be accepted as legal tender for all debts public and private at their value relative to the worth of the me-wak. It will remain unlawful to use any legal tender other than the me-wak outside of the Shahd Special Economic Zone.
Last edited by Snefaldia on Wed Dec 28, 2011 3:57 pm, edited 1 time in total.
Welcome to Snefaldia!
Also the player behind: Kartlis & Sabaristan

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Pantocratoria
Diplomat
 
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Founded: Antiquity
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Postby Pantocratoria » Mon Jan 02, 2012 12:00 am

Imperial Monitor

Sound and Fury Signifying Nothing?
Atlantic Ducat introduced with fanfare, but little impact felt on Demetrius Avenue
Currency traders may be the only people to actually notice the 1 January adoption of the Atlantic Ducat, with most Pantocratorians reporting that the currency swap had "Little or no impact" in an online MonitorPoll on the topic.

As yet there are no Atlantic Ducat coins or notes in general circulation, with the familiar Pantocratorian Ducat currency still legal tender throughout Pantocratoria indefinitely, at a rate of one-to-one with the new, still entirely virtual, currency.

While little impact was felt in the retailers on Demetrius Avenue, two city blocks away in the Government Precinct, politicians and public servants were abuzz with activity uncharacterstic of this time of year.

The initial Western Atlantic Currency Area (WACA), which consists of Pantocratoria, Pantocratorian Ambara, the Low Countries (both Knootoss and the South), Knootian Colombia, and the Knootian colonial possessions in the Gulf of Vasconia, is now entering its second stage of implementation, with politicians in New Rome and Hartstad alike hoping to include other Atlantic nations in the WACA.

Some states, such as Snefaldia, have already announced a peg of their currency to the Atlantic Ducat, such that a fixed rate of exchange will exist between the two.

It remains to be seen whether Snefaldia and other nations who have announced interest in such a pegging arrangement will actually join the WACA, or whether they will exist outside the WACA but simply trade with its members at a fixed rate of exchange.

Treasurer and Deputy Chancellor, Sir Isaac Comnenus KOP MP, has told the Monitor that Pantocratoria and Knootoss will be hosting a Special Summit of Finance Ministers in Andrium this month to discuss expansion of the WACA.

The finance ministers of the Abt Republic, Excalbia, Leagran, Confederation of Sovereign States, Snefaldia and Upper Virginia have all been invited, according to Sir Isaac, and the door is not closed on other states which have thus far not indicated an interest in the currency.

Opposition Leader Isabelle Folquet has again criticised the Government's decision making, claiming that the currency union provides no obvious benefit to Pantocratoria as a whole.

"Despite strong economic growth, thanks largely to efforts of past governments," Folquet said, "Pantocratoria's industrial sector remains undersized when compared to Knootoss, and Knootian trade barriers are next to non-existant, such that this arrangement effectively does little but further open Pantocratoria's markets to Knootoss and, indeed, Knootian trading partners, while providing no benefit to our own struggling exporters."

Despite this, the Socialist leader said that it would be "extremely difficult" for Pantocratoria to withdraw from the WACA in the future, and that any future Coalition Government would retain the Atlantic Ducat.

Further, Mme Folquet confirmed that both opposition parties would participate in the bipartisan Special Parliamentary Standing Committee on WACA Harmonisation, the formation of which the Government announced on New Year's Eve.

The Special Parliamentary Standing Committee on WACA Harmonisation will oversee the gradual reform of legislation and regulation in Pantocratoria, and advise the Government as to changes which should be made in Knootoss and other WACA member states, in order to bring about as much uniformity as possible in economic and trade policies in the WACA.

The Imperial Chancellor will appoint 13 members of the 24 member Special Parliamentary Standing Committee, Mme Folquet will appoint 7 members, and Constantinople Party Leader Spiro Bolkus will appoint 4 members.

By informal arrangement and Parliamentary tradition, one of the Government Committee members will serve as Chairman.
Last edited by Pantocratoria on Mon Jan 02, 2012 12:00 am, edited 1 time in total.

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Knootoss
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Postby Knootoss » Mon Jan 02, 2012 4:39 pm

From the January 1st edition of 'Trouw':

Image
The logo of the new SIN cards and chips will soon become ubiquitous
in the wallets of all Knootian citizens.


"Queue to end all Queues" as Knootoss goes Digital

HARTSTAD - As the new year arrives in Knootoss, several banks remain open to allow people to get their very own 'SIN-chip', free of charge. Taking advantage of the opportunity to get something for nothing, thrifty Knootians queue in front of participating banks. The early volunteers, most of them young and adventurous, used the Social Identification Number (SIN) which they had received on Boxing Day to get their very own SIN-chip implanted into their wrists.

Jessica van Buren, who works for a Utrecht tattoo parlour, has been hired by a local bank to help set chips. She was one of the first to get the implant herself: “It's just convenient, you know. No more fussing around with small change or different plastic cards, just one hand-wave for everything,” she enthuses. “I haven't seen the new coins yet. The paper money looks a little strange... but I'll be using my SIN-chip for everything. There's great discounts too. Everyone that's chipped up gets a free nose piercing back at Blood, Sweat and Roses.”

Many businesses are also enthusiastic about SIN-certified devices, which promise to have different applications. “We'll be requiring tenants to log in using their SIN chip” explains a spokesperson for 'Het Huis', a private provider of Public housing. “This way, we can keep out unwanted visitors and increase quality of life.”

The 'Occupy Knootoss' movement sounded a note of opposition, protesting in front of an Amsterdam bank while wearing ironic cattle-style eartags in the shape of the SIN logo. Civil Rights Organisations have objected to the deterioration of privacy that results a result from the near-universal nature of the SIN-chip. Others, such as the "FF Sociaal" online movement for social justice, are sceptical. “Crime will increase as a result”, Drs. Hendrik van der Meer of the movement asserts, while his supporters ring the large cow bells around their necks.

The young privacy and social justice activists are joined by the Dutch Reformed Voting League, a minor political party which calls for a Calvinist theocracy and the restoration of the House of Chamaven. “This is the Mark of the Beast, as prophesied by the Holy Bible”, one protester told Trouw. “None should take this unholy number! Repent instead, and accept Jesus Christ as your Lord and Saviour!”

The fuss surrounding the introduction of the SIN-number has mostly drowned out the official celebrations surrounding the introduction of the Atlantic Ducat. Even as Grand Pensionary Jan Willem Daatman received the first official box with Knootian-minted "Dukaten", KNN showed footage of prominent Knootians making payments using their newly-implanted SIN-chips.
Last edited by Knootoss on Mon Jan 02, 2012 5:04 pm, edited 7 times in total.

Ideological Bulwark #7 - RPed population preserves relative population sizes. Webgame population / 100 is used by default. If this doesn't work for you and it is relevant to our RP, please TG.

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Allanea
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Postby Allanea » Mon Jan 02, 2012 5:06 pm

Allanean Company Offers Privacy Bracelet to Knootian Clients
Heston-City Chronicle

Image


HESTON-CITY – As the brou-ha-ha over the new population control measures in Knootoss continues, one Allanean company is offering Knootian citizens a non-intrusive, non-surgical solution that is even legal (so far) in the Dutch Democratic Republic. Fyodor Fridman, a work-from home entrepreneur in Liberty-City is introducing the Sinless Hand Bracelet.

Designed to avoid unauthorized and remote scanning of the so-called Social Identification Number chips now implanted in the arms of many Knootian citizens, the Sinless Bracelet consists of a strip of aluminum foil contained in a fashionable cloth or plastic cover (as seen on our illustration above). Preliminary testing run by the company Fridman set up to market the accessory – Sinless, LLC – has shown the device capable of protecting the privacy of its users and blocking several types of remote RFID scanners.

“What must be made clear,” - Fridman explained - “is that we do not endorse any illegal activity. In fact we are helping Knootian citizens and Knootian government officials fight a very major problem – the problem of identity theft. In a sense we are helping the Knootian government endorse the law. Really the Knootians should give me a medal.”

As of now Fridman is looking for distributors and marketing companies to help promote the bracelet in Knootoss itself through an expansive advertising campaign. In the meanwhile, it can be ordered online. The bracelet is so light and compact, Fridman explained, “that it can be mailed using regular or special mail, as though it were a regular letter. This make delivery for our products far easier for everybody involved.”

As of printing time, Fridman did not confirm or deny rumors that he is planning to manufacture a range of other 'privacy protecting fashion', ranging from jackets to gloves to trench-coats and hats.
Last edited by Allanea on Mon Jan 02, 2012 5:06 pm, edited 1 time in total.
#HyperEarthBestEarth

Sometimes, there really is money on the sidewalk.

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Knootoss
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Postby Knootoss » Tue Jan 03, 2012 3:40 pm

Image
No bullshit. Just KNN.




“Moving from braces to bracelets... SINtertainment BV has sued an Allanean business for copyright infringement, claiming that the so-called Sinless Hand Bracelet, purchasable in popular web shops, constitutes copyright infringement. Here to put the matter into perspective is a representative of SINtertainment, Mr. Gary Langeman.”

“I'm glad to be here”, the slick-haired PR representative replied, nodding back at the attractive, blonde, busty television anchor.

“Could you tell us a little more about these bracelets, and why you are bringing this suit in an Allanean court?”

“Of course. It's pretty simple. This Allanean individual... we brought some footage... is clearly infringing on the design of the trademarked Friendship Bracelet, which is being marketed by SINtertainment. Our primary concern here is the customer. We wouldn't want people to think that they are just as protected while wearing by an inferior product.”

A corner of the screen began to roll the B-roll clip, supposedly featuring the Allanean entrepeneur. In truth, it was difficult to tell if the man who was trying to traverse a large swimming pool in a heavy, pink, assless fursuit was really Mr. Fridman.

“But isn't the fact that these bracelets are the same grounds for sueing?” the anchor asked, naively, though showing a tiny smile as she peeked at the footage.

“The Allanean so-called Privacy Braclet is essentially a rip-off, using the same core of aluminium foil, but lacking any of the intelligent features of the Friendship Braclet. For example, the braclet produced by our competitors does not have any wi-fi functionality. It doesn't allow you to show off your purchases on FriendFace or Twatter. ”

“That is a pity. I put all my major purchases on FriendFace” the anchor cooed.

“Exactly. But still, putting this kind of inferior product on the market could mislead consumers, as well as push the real, innovative Knootian designers who did all the work from the market. We're confident that an Allanean jury will see this too.”

“Why thank you, Mr. Langeman, for your explanation. Now, in another story... ”

Ideological Bulwark #7 - RPed population preserves relative population sizes. Webgame population / 100 is used by default. If this doesn't work for you and it is relevant to our RP, please TG.

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Allanea
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Postby Allanea » Tue Jan 03, 2012 4:04 pm

Official Reply from Sinless LLC to the recent allegations by SINTertainment


Dear friends!

We are forced to respond to some quite nasty allegations made by an employee of SINtertainment, Gary Langeman. First of all, the man shown on KNN and implied to be Mr. Fridman, our CEO and owner was not really him, but the most recent addition to our staff, Anatoly Gorski, CPA.

In addition, we have been informed that SINtertainment BV intends to file a lawsuit – probably in the Heston-City County Court, but we have not yet been served legal papers – against our company on copyright infringement. This is quite bizarre on several grounds. Primary of these is the fact that the notion of enclosing RFID chips in metal foil to protect them from intrusion has been around for years and is not the intellectual property of either company – indeed, ideas cannot properly be copyrighted.

Secondary, we believe that the two products are entirely different, aimed at entirely different market sectors, and providing entirely different services. The SINless, LLC bracelet is priced approximately at two and a half Menelmacari credits and is comprised of a simple metal strip coated in inexpensive cloth for decoration. Its role is pure privacy protection, any place, any time. The SINtertainment product is priced at about 60-120 Menelmacari credits, and includes elaborate electronics actually designed to help you share your private data with the world if you choose to do so.

This is not to disparage our friends' product – it's clearly a useful, handsome piece of equipment, and we expect it does its job. At SINless, LLC we believe in individual freedom. If you want to share your personal data, well that's your personal data to share. But ours are different products competing for different market niches.

It is also senseless to sue us over the sale of a product that the average Knootian can probably make in his home with his home workshop. What we suggest instead is a joint distribution chain. While of course it's still possible for individuals to order our bracelets by ordinary mail, it might be more profitable for everybody – the end consumer, SINless LLC, and SINtertainment, if you were to act as our Knootian distributor. The consumers would save money off shipping costs, SINLess LLC would profit from increased volume sales, and SINtertainment would profit from every sale.
#HyperEarthBestEarth

Sometimes, there really is money on the sidewalk.

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